América Móvil (NYSE:AMX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of América Móvil (NYSE:AMX) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the Wireless communications provider’s stock.

AMX has been the topic of several other research reports. The Goldman Sachs Group dropped their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group lowered their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, Scotiabank decreased their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

América Móvil Trading Up 0.3 %

América Móvil stock opened at $15.26 on Thursday. The business has a 50 day moving average price of $16.27 and a two-hundred day moving average price of $17.24. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $46.85 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. América Móvil has a 12 month low of $15.01 and a 12 month high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. As a group, equities analysts forecast that América Móvil will post 1.39 EPS for the current year.

Institutional Trading of América Móvil

Several institutional investors have recently modified their holdings of AMX. FMR LLC lifted its holdings in América Móvil by 125.6% in the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after buying an additional 36,520 shares during the period. Citigroup Inc. raised its holdings in shares of América Móvil by 32.5% during the third quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock valued at $3,616,000 after purchasing an additional 54,245 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of América Móvil by 26.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,124 shares of the Wireless communications provider’s stock valued at $346,000 after purchasing an additional 4,417 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of América Móvil during the third quarter valued at about $427,000. Institutional investors own 6.30% of the company’s stock.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.